Your Buy-Sell Strategy Cheatsheet
Here’s a breakdown of the most common approaches—with real pros and cons to help you make a smart move:
Buy with a Sale Contingency
Make an offer on a new home that's contingent on selling your current one first.
Pros
✅ Less financial risk - you don’t buy unless your current home sells
✅ Familiar process for most buyers and sellers
✅ You know exactly how much you’ll net before committing
✅ Less financial risk - you don’t buy unless your current home sells
✅ Familiar process for most buyers and sellers
✅ You know exactly how much you’ll net before committing
Cons
❌ Less competitive offer - many sellers avoid contingent buyers
❌ Timing the dominoes can get tricky
❌ Potential for added stress or missed opportunities
❌ Less competitive offer - many sellers avoid contingent buyers
❌ Timing the dominoes can get tricky
❌ Potential for added stress or missed opportunities
Sell First, Then Rent (Temporarily), Then Buy
Sell your current home first, then rent short-term while searching for the next one.
Pros
✅ Know your exact net proceeds before buying
✅ Make non-contingent, stronger offers on the next home
✅ Easier logistics for prepping, staging, and selling
✅ Know your exact net proceeds before buying
✅ Make non-contingent, stronger offers on the next home
✅ Easier logistics for prepping, staging, and selling
Cons
❌ Two moves (and possible storage costs)
❌ Short-term rental market can be tight
❌ Disrupts routine - especially with kids or pets
❌ Two moves (and possible storage costs)
❌ Short-term rental market can be tight
❌ Disrupts routine - especially with kids or pets
Rent Out Your Current Home, Then Buy
Keep your home as a rental and use your income to qualify for the next purchase.
Pros
✅ Start building your investment portfolio
✅ Potential for long-term cash flow and appreciation
✅ Avoids selling under pressure
✅ Start building your investment portfolio
✅ Potential for long-term cash flow and appreciation
✅ Avoids selling under pressure
Cons
❌ Need strong finances to qualify for two mortgages
❌ Property management responsibilities
❌ Locks up equity you might need for your next purchase
❌ Need strong finances to qualify for two mortgages
❌ Property management responsibilities
❌ Locks up equity you might need for your next purchase
Bridge Loan
Tap into your current home equity to buy first, then sell after.
Pros
✅ Make a cash-like, non-contingent offer (more competitive)
✅ Quick approvals - often within 24 - 48 hours
✅ Move once, then prep your home for top-dollar resale
✅ Make a cash-like, non-contingent offer (more competitive)
✅ Quick approvals - often within 24 - 48 hours
✅ Move once, then prep your home for top-dollar resale
Cons
❌ Short-term loan with higher interest rates
❌ Costs and fees can add up (often 1–2 points upfront)
❌ Uncertainty if your exit property doesn’t sell as expected
❌ Short-term loan with higher interest rates
❌ Costs and fees can add up (often 1–2 points upfront)
❌ Uncertainty if your exit property doesn’t sell as expected
Buy Before You Sell Program (Journey Exclusive)
Unlock your home equity upfront so you can buy your next home first, then sell after you move.
Pros
✅ Access your equity before you sell
✅ Make a stronger, non-contingent offer
✅ Only move once
✅ Prep, stage, and market your exit home while it’s vacant
✅ Get a second check after the sale
✅ Access your equity before you sell
✅ Make a stronger, non-contingent offer
✅ Only move once
✅ Prep, stage, and market your exit home while it’s vacant
✅ Get a second check after the sale
Cons
❌ Program fees may apply (though often offset by better sale outcomes)
❌ Qualification requirements vary
❌ Slightly more paperwork than traditional options
❌ Program fees may apply (though often offset by better sale outcomes)
❌ Qualification requirements vary
❌ Slightly more paperwork than traditional options
